Incoming Real Madrid coach Carlo Ancelotti is also a big admirer of Tevez and is believed to have told his new club that he would welcome the player at the Santiago Bernabeu next season.

Los Blancos, however, have placed Isco, Edinson Cavani and Gareth Bale at the top of their summer wish list.

Tevez has agitated for a move during much of his four-year spell at the Etihad Stadium and, with his contract expiring in 12 months' time, City could be ready to off-load him in the knowledge that he could walk away for free in 2014.

Liverpool had discussed the possibility of a move for the former Manchester United striker earlier in the summer before pursuing other targets, while Monaco's interest has diminished after landing Radamel Falcao.

Juventus have agreed personal terms with Gonzalo Higuain but have baulked at his €23 million-plus asking price and are set to lose out to Arsenal in the chase for Real Madrid striker.

Higuain's fellow Argentine, Tevez, is four years older and his fee is unlikely to be much beyond €11m.

City are also willing to listen to offers for Edin Dzeko, and had offered him in part-exchange for Edinson Cavani. However, after failing to meet Napoli's asking price for the Uruguayan, the Premier League club might only be prepared to sell one of Dzeko and Tevez, not both.